Nigeria’s government plans to sell its ownership of the Abuja Securities & Commodities Exchange by the middle of the year after missing an initial deadline in a plan to revive trading. “The government wants to privatize the only commodity exchange and it had committed to doing it by the end […]
Capital Market
Nigeria Bourse CEO Says Close to Hiring Advisers for Share Sale
The Nigerian Stock Exchange is close to hiring external advisers as it prepares to distribute shares to its members and hold an initial public offering, said Chief Executive Officer Oscar Onyema. The Lagos-based bourse aims to submit a plan for sale as long as there are no “legislative issues,” Onyema […]
IHS Nigeria Boosts Buyback Price in Stock Exchange Delisting
IHS Nigeria Plc (IHS), which owns and manages mobile-phone towers in three African countries, increased the price it’s offering shareholders as it plans to delist from the Lagos-based bourse. The company agreed to pay 4.35 naira a share at a meeting today in the Nigerian commercial capital, Chairman Bashir Ahmad […]
